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- cross-posted to:
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It’s a sad case of another day, another round of mass layoffs at a game studio. On this occasion, Destiny developer Bungie has announced it is letting go of 220 employees, or 17% of its workforce. CEO Pete Parsons said the eliminations were due to “financial challenges,” which isn’t going down well, especially after it was discovered he may have spent over $2.4 million on classic cars after Sony acquired the company, and continued buying them even after the previous layoffs.
Bungie blames the job eliminations on “rising costs of development and industry shifts as well as enduring economic conditions.” The Sony subsidiary says it needs to make substantial changes to its cost structure and focus development efforts entirely on Destiny and Marathon.
The cuts will impact every level of the company, including executives and senior leader roles – but not Parsons, obviously.
It was only in October 2023 that Bungie made its last round of layoffs, and the news comes just under two months since the launch of Destiny 2: The Final Shape, which has been well-received.
In December, Bungie devs told IGN that the atmosphere at the company was “soul-crushing” due to fears of more layoffs, extra cost-cutting measures, and a loss of all independence from Sony if Bungie’s financials did not improve. Staff said earlier this year that they feared more job cuts were coming.
The latest layoffs have led to many angry posts on social media from current and former Bungie employees. Destiny 2’s global community lead Dylan Gafner (AKA dmg04) called the move “inexcusable,” and noted that it’s a case of “Accountability falling upon the workers who have pushed the needle to deliver for our community time and time again.”
What’s angering people even further is the discovery of what seems to be Parsons’ account on a car bidding site called Bring a Trailer. It shows he has spent $2.4 million on classic cars since September 2022, which includes $500,000 since the October layoffs.
I just cannot fathom this absolutely brainlet, short-term thinking. Yeah, these people have created some of the best content we’ve ever made (according to player feedback). Let’s fucking fire them all!
When did “investing” die and rise as a revenant obsessed with burning down the building to get one more penny? Do billionaires know something we don’t and are burning everything down because the planet’s gonna explode?
The fastest way to make money is to buy a company, liquidate its assets, and sell off the IP.
There needs to be a legal minimum time for investment.
You bought part of a company? Great!
You can sell in 10 years.
It’s because of the MBA class of people. They cannot innovate. They are bizzaro engineers, rather than improve and solve problems while making new products, they take existing labor and ideas, destroy them and the company attached, and somehow collect money.